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Showing 1161 - 1170 of 7106 results for "December"

FPA is the preferred association: Research

KARREN VERGARA  |  WEDNESDAY, 16 MAR 2022
... 7239 active advisers on ASIC's Financial Adviser Register are members of the FPA based on the 18,800 recorded in the December 2021 database. Rainmaker's analysis found that the Association of Financial Advisers came second place with 13% or about 2495. ...

Startup launches risk retention option

KARREN VERGARA  |  TUESDAY, 15 MAR 2022
... interest obligations". KPMG estimates that the average premium increase per policy for risk products in the year to 31 December 2021 was 12% per annum and 24% over the past two years. Sarkis said iExtend will be able to return between $25 million and ...

Managed accounts FUM at $131bn

CHLOE WALKER  |  TUESDAY, 15 MAR 2022
... sector, according to the latest data released by Institute of Managed Account Professionals (IMAP) and Milliman. As at 31 December 2021, funds under management (FUM) in managed accounts stood at $131 billion, an increase of $21.06 billion in the six ...

Magellan loses $5bn in fortnight

KARREN VERGARA  |  MONDAY, 14 MAR 2022
... institutional investors have followed suit since UK fund manager St James's Place pulled a $23 billion mandate last December. This was followed by a reshuffle at the executive level. Brett Cairns resigned as chief executive and chair Hamish Douglass ...

Mixed reviews for advice industry reviewer

KARREN VERGARA  |  MONDAY, 14 MAR 2022
... throughout her career, will take the helms of the long-awaited review. A final report will be handed to the government on December 16. Johnston sees the release of the QAR's final report as "delay tactics". "Unless Ms Levy announces her recommendations ...

Legal expert to lead QAR

KARREN VERGARA  |  FRIDAY, 11 MAR 2022
... QAR will also re-assess the state of life insurance commissions. The final report will be provided to the government by December 16.

Hostplus, Statewide provide merger details

JAMIE WILLIAMSON  |  THURSDAY, 10 MAR 2022
... MySuper strategy has been a top performer in the single strategy category over all time periods and achieved 19.08% to 31 December 2021 compared to Statewide's 13.44%. And other options offered by Hostplus are significantly cheaper than the equivalent ...

TAA calls for prudent pace for reforms

KARREN VERGARA  |  TUESDAY, 8 MAR 2022
... obligations to reduce cost and remove duplication. The QAR is slated to be completed by June 30 and no later than 31 December 2022. The appointed independent reviewer of the QAR should provide a report to the government by 16 December 2022. The QAR will ...

Direct indexing: The next evolution?

CHLOE WALKER  |  MONDAY, 7 MAR 2022
... solutions. Hot on their trail, Vanguard acquired Just Invest, a direct indexing company, in October last year. Then, in December 2021 BNY Mellon's Pershing acquired Optimal Asset Management, the business of which is solely in direct indexing. Already ...

AvSuper names insurer, premiums rise

JAMIE WILLIAMSON  |  MONDAY, 7 MAR 2022
... also pay $1.15 per week for membership. It also launched an Expression of Interest process for selected super funds in December last year, citing rising costs as a factor. "Keeping fees low is also important. However, the costs of running super funds ...